The not-yet-legal cannabis industry is already driving up lease prices for industrial spaces that could be used for cultivation when the new laws take effect, according to a Portland Press Herald report. Lease prices in the Greater Portland area are already twice what they were six years ago, and local real estate brokers say that vacancy rates in the industrial sector are historically low.

“The economic opportunities for landlords are significant,” attorney Ted Kelleher of Drummond Woodsum said in the report. “Even though the process for the state granting licenses is a year away, people are already trying to secure properties.”

The medical cannabis industry has already helped to drive the low vacancy rates in the region, from 7.86 percent in 2011 to 3.38 percent in 2015. Maine cannabis growers are also more willing to pay higher rates for space – which have reached as much as $10 per square foot for the first time.

Greg Boulos of Portland’s CBRE | The Boulos Co. said the cannabis industry has “come out of the shadows,” explaining that cultivators are typically looking for properties that are 5,000 to 10,000 square feet and secluded from neighbors.

However, as the new law rolls out it’s likely that localities will choose to enact individual moratoriums and outright industry bans.

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    We believe that what sets us apart from other accounting firms, is working within the Tax Code to find a way around the oppressive Section 280E Rules.

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    TRIM Media House is a full-service digital marketing agency with a heavy focus in visual content creation, website design, photography, and videography. If you are trying to navigate the digital arena when it comes to your brand, we would love to talk to you!

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  • Moriconi Flowers Ltd.

    Moriconi Flowers Ltd. is a law firm dedicated to applying decades of legal expertise to the emerging commercial and medical cannabis and hemp markets in the United States and abroad. Building off of careers in commercial litigation, transactional debt instruments, oil and gas regulation, liquor licensing, insurance coverage, and catastrophic loss, the attorneys at Moriconi Flowers Ltd. routinely navigate regulated markets.

  • HempStaff

    HempStaff is an industry leader in Marijuana Industry Recruiting and Dispensary Training. We strive to find the perfect match for Employers and Employees in the Cannabis Industry. From Dispensary Managers and Master Growers to Cannabis Chefs and Trimmers, we find the right match for both our clients and candidates. We are currently working with marijuana business owners across America to help them locate qualified employees as well as providing Dispensary Training for the entry level employee in states with new markets.

  • Hay & Associates

    We are a full-service Accounting firm licensed in CA. We offer a broad range of services for business owners, executives, and independent professionals. We are affordable, experienced, and friendly.

  • Distru

    Software built to streamline distribution and manufacturing. Distru provides inventory, order, and customer management for cannabis companies in a centralized platform.

  • CannaPlanners

    CannaPlanners is a full service design and web agency, dedicated to normalizing the cannabis industry through professional and beautiful design services. From logos to packaging design, trade-show materials to t-shirts and hats - we've got all your creative needs covered. Our turnkey WordPress site builder allows for great-looking sites at affordable rates. Let our creative team tell your story!

  • LC Solutions Michigan PLLC

    LC Solutions offers clients timely accrual based bookkeeping, cost accounting strategies, planning, and consulting services. Our model supports an ongoing client relationship, helping to ensure accurate accounting records throughout the year. We are professional, patient, and creative in our approach. LC Solutions specializes 100% in serving Michigan’s Medical Cannabis industry.

  • IndicaOnline

    IndicaOnline is the most trusted Point-of-Sale software in the Medical Marijuana Industry across the U.S. and Canada. Founded in 2010, IndicaOnline combines an intuitive iPad POS software, a user-friendly interface, and an all-in-one hardware unit to accommodate every aspect of a medical marijuana business.

  • New Approach Bookkeeping LLC

    We have been providing financial support since 2013 for Cannabis Growers/Producers, Retailers/Dispensaries, Delivery, Processors, and all those in between. We understand 280e and 263a publications and how it affects the cannabis industry.

  • Go Green Hemp

    GoGreen Hemp specializes in everything CBD. We sell directly to consumers as well as to wholesalers and those interested in white label products. Our current product line consists of Gel Capsules, Gummies, Oil Drops and Balms.

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